I'll be honest and fair. The only thing that can be blamed on BG Exchange for this wave of problems is that they didn't do a good job of risk control. They were robbed of 20 million US dollars, and they actually sent a lawyer's letter to sue others. I really laughed. I have also done backstage risk control. This very low-level and fatal mistake is really unforgivable. Even if there are wool parties who are frantically wooling, it is definitely not possible to complete 20 million US dollars in a very short time. It must have taken a lot of time. But BG's backstage risk control personnel didn't find it at all. I really don't know what the backstage risk control personnel of BG Exchange are doing? I now question their professionalism. To be honest, it is inevitable that BG's backstage risk control personnel neglected their duties, which led to this fatal mistake that people could not expect. The essence of the financial market is the counterparty, and the exchange is the biggest dealer. To put it bluntly, all liquidity is fucking fake, and they are all using fake data to make transactions with customers. I am very clear about this point, and I do not accept any rebuttal. It is nothing more than whether the eating is good or not, because I am in the traditional financial market, and I have done the backstage risk control of hundreds of millions of funds and big data, so I am particularly clear about the doorway. Back then, OK and Binance were equally shady, and they often made random mistakes, but in recent years, OK and Binance have become stronger and bigger, so the compliance has been slightly better, and the popularity is not so ugly, which makes users a little relatively fairer. In recent years, Bitget and Bybit have increased their market share, but they can never achieve the same real user transaction volume as OK and Binance, so big users basically choose OK and Binance. Whether they make money or not is a matter of their own technical ability, but OK and Binance will never have the platform stolen or fleeced. I think that in the financial market, we must follow the principles and bottom line that we should have. There is a way to steal, and we cannot lie with open eyes. We must follow the rules of the game in the market.
Weekend trading is relatively light, and Bitcoin has encountered some resistance at the 106200 USD level on the four-hour chart. The upper level of 107000 USD is even more significant, as it marks a breakdown point for Bitcoin on the four-hour chart, with substantial selling pressure.
The upper range of 108400 USD to 109000 USD represents strong resistance on the four-hour chart. Personally, I am not optimistic that Bitcoin can strongly break through and stabilize at the 109000 USD level in the short term.
From a daily chart perspective, the rebound of Bitcoin is not particularly strong, with the 109000 USD level firmly suppressed. In terms of trading, when reaching the 108000 USD to 109000 USD range, one can consider positioning for short positions, ensuring proper capital allocation and managing position sizes, and definitely avoiding heavy trading.
Ethereum is also experiencing a weak rebound. From the four-hour chart, Ethereum is restricted in the short term by the 2580 USD level, and the strong resistance on the upper four-hour chart is between 2650 USD and 2680 USD.
On the downside, closely monitor the strong support at the 2450 USD level on the four-hour chart to see if it will be forcefully breached.
From a daily chart perspective, Ethereum's weak rebound indicates a further weakening trend. The pressure on Ethereum from the daily chart is considerable, and without a significant bullish candle appearing on the daily chart to strongly break and stabilize at the 2780 USD level, Ethereum will have no chance of challenging the strong resistance at the 2850 USD bull-bear dividing line.
On the downside, closely watch the strong support at the 2450 USD level for Ethereum. If this level is forcefully breached on the daily chart, Ethereum will likely test the strong support at the 2300 USD level. This level is the watershed for Ethereum's bulls and bears, so everyone should pay close attention.
Israeli airstrikes on Iran caused Bitcoin to drop sharply, penetrating the strong support level of $106,800 on the four-hour chart, and further breaking through the $105,000 line, with a minimum drop to $102,655.
In the short term, the $106,800 line on the four-hour chart will be strong resistance, while the selling pressure above $108,400 for Ethereum is very high. From the daily chart perspective, Bitcoin formed a bearish engulfing pattern with a large bearish candle yesterday. We need to closely monitor whether Bitcoin can stabilize above the $105,000 line on the daily chart.
On the daily chart, $100,000 is a strong support level. As long as Bitcoin continues to operate above $100,000, it remains in a strong consolidation phase.
Ethereum also experienced a significant drop today. I emphasized a few days ago that the $2,800–$2,850 range is a strong resistance line separating bulls from bears, and I have repeatedly stressed that I am not optimistic about Ethereum strongly breaking and stabilizing above this line.
A few days ago, retail investors were very enthusiastic about Ethereum, with many expecting it to rise above $3,000, but I have maintained a very rational judgment.
From the four-hour perspective, Ethereum strongly broke through the $2,650 line, leading to a weakening of bullish momentum, and at one point today, Ethereum dropped to $2,438.
Currently, the $2,650 line above Ethereum will be strong resistance, and Ethereum is facing a correction.
We should closely monitor the $2,450 line below Ethereum to see if it will be strongly broken down again on the four-hour chart. If Ethereum breaks this level, it will further test the strong support at the $2,300 line.
From the daily chart perspective, Ethereum formed a bearish engulfing pattern with a large bearish candle yesterday. Today, Ethereum has once again seen panic selling. We should closely watch Ethereum's closing price tonight to see if it can stabilize above the $2,550 line.
If today's daily close for Ethereum cannot stabilize above the $2,550 line, the bullish momentum will be completely suppressed, and Ethereum will need further adjustment and repair.
In the past few days, Bitcoin has been testing the strong resistance around $110,000 on the daily chart. From the four-hour perspective, Bitcoin has continuously encountered resistance and retreated around the $110,000 mark, with a strong support level to closely monitor at $107,000 on the four-hour chart. From the daily perspective, the resistance at the $110,000 level is indeed very significant; I personally think Bitcoin will continue to consolidate at high levels for a few days, giving Ethereum ample time to perform. Ethereum has shown a very strong rebound momentum in the past two days; from the four-hour perspective, Ethereum has encountered resistance and retreated at the $2,800—$2,850 bull-bear boundary, with continuous retests confirming this level on the four-hour chart. From the daily perspective, Ethereum formed a bullish candlestick yesterday, and today it continues to show bullish strength on the daily chart, once again attempting to break through the $2,800—$2,850 bull-bear boundary range. However, there is still significant pressure above Ethereum, with strong resistance at $2,950, $3,080, $3,250, $3,400, and $3,500. We cannot accurately predict the high point of this wave of Ethereum's rebound. I have repeatedly emphasized that I do not believe Ethereum will strongly break through the $2,800—$2,850 bull-bear boundary range. I might miss the opportunity, but I will not go long; to be more prudent, I also will not go short. I will patiently wait for a turning point to appear on the Ethereum daily chart before developing a trading strategy and risk control system.
The non-farm data from last night was not very different, so the overall market volatility is low, and the weekend trading is particularly light.
Yesterday, the main institutions completed a round of capital turnover, with Bitcoin's lowest retracement reaching around $100,000, and then in the evening, Bitcoin was pulled back to around $105,000. Personally, I am optimistic that after the second bottom retracement, Bitcoin will further rally.
From the four-hour level, there is significant selling pressure above Bitcoin at the $105,800 level, and strong resistance at the $107,000 level.
From the daily level, there was no significant bearish breach in Bitcoin. Yesterday, Bitcoin closed with a long lower shadow, finishing at around $105,000, indicating that the main institutions only completed a round of capital turnover, and Bitcoin also underwent a technical retracement.
Pay close attention to the strong resistance at the daily level of $107,000 for Bitcoin. The range of $109,000 to $110,000 is the area where Bitcoin could see a significant bearish breach, with particularly heavy selling pressure. Personally, I believe that in the short term, it will be difficult for Bitcoin to strongly break above and stabilize in this range, so caution is advised for potential pullbacks after any highs.
I have repeatedly emphasized that Bitcoin will not significantly breach downwards in the short term, so closely monitor the strong support at around $100,000 below. As long as Bitcoin operates above $100,000, it remains in a strong consolidation phase.
I have repeatedly emphasized that as long as Bitcoin at the daily level does not strongly breach below $96,000, the overall situation is not too problematic. The $96,000 level is the dividing line for Bitcoin's strength and weakness. I personally believe that before June 30, there is more than an 80% probability that Bitcoin at the daily level will not strongly breach below $96,000.
The $93,000 level below Bitcoin is the watershed for bullish and bearish trends.
If Bitcoin at the daily level strongly breaches below $88,000, it would mean that the current bullish retracement trend for Bitcoin is completely over.
From the four-hour level of Ethereum, the $2,530 level is the position for a bearish breach, with significant selling pressure at this level. Ethereum at the four-hour level still needs further retracement and adjustment.
From the daily level, Ethereum closed yesterday with a long lower shadow. The risk of a significant bearish breach in Ethereum in the short term is low. Personally, I am optimistic that after the second bottom retracement, Ethereum will further rally and rise.
Musk and Trump have completely torn apart their relationship, Bitcoin is undergoing a technical pullback as expected. Bitcoin has completed a wave of technical correction, with a strong resistance zone between 💲105800—💲106600 on the four-hour level. On the daily level, Bitcoin has not strongly broken through the 💲100000 line, and the bullish structure on the daily level has not experienced a structural breakdown. In the short term, Bitcoin will not experience a significant breakdown; I believe Bitcoin will have a rebound in the next couple of days, primarily focusing on buying the dips, and the stop-loss can be set at the new daily low 💲100000. Above Bitcoin, the daily level resistance is at 💲107000, 💲109000, and 💲110000, all of which are strong resistance levels. For this wave of Bitcoin's bullish rebound, I personally believe that Bitcoin's maximum will pull back to 💲110000. From the four-hour perspective, Ethereum has strongly broken through the strong support at 💲2450 earlier today. In the short term, the upper strong resistance is at 💲2530, but if Bitcoin rebounds and corrects, Ethereum will also further rebound and correct. The second strong resistance above Ethereum on the four-hour level is at 💲2650. From the daily level perspective, Ethereum once pierced through the 💲2450 line, and we should closely monitor the strong support for Ethereum at 💲2300 below. Recently, everyone must manage their positions well when trading contracts, control the trading points, avoid heavy trading, and ensure proper capital allocation.
Bitcoin continues to oscillate at a high level, experiencing weak rebounds. The four-hour level for Bitcoin has not been able to strongly break and stabilize at the $106,400 line, and it continues to oscillate in the $104,000—$106,400 range. On the daily level for Bitcoin, a small bullish candle was formed yesterday, but there is significant resistance at the $107,000 line. The strong resistance above is between $109,000—$110,000. Ethereum's four-hour level is facing resistance and retreating at around $2,650, and it continues to perform a strong consolidation at a high level. On the daily level for Ethereum, a small bullish candle was formed yesterday, indicating a demand for further strong pullbacks. The strong resistance to watch closely above on the daily level for Ethereum is at the $2,750 line. Above Ethereum, the $2,800—$2,850 range is the dividing line between bullish and bearish, as well as a densely traded area and a heavy pressure zone. Ethereum has been unable to strongly break and stabilize above this line for over 20 consecutive trading days. In recent days, market activity has been relatively light. This Friday at 8:30 PM, there will be a report on U.S. non-farm payroll data, so please pay close attention.
Last night, the US stock market opened, and Bitcoin continued to fluctuate upwards. From the four-hour level, Bitcoin formed a strong bullish candle from 4 AM to 8 AM today, reaching a peak of 💲106400. However, this level is indeed a strong resistance at the four-hour level, and Bitcoin is facing significant selling pressure. Pay close attention to the strong resistance at the four-hour level of 💲106400 for Bitcoin. On the downside, closely monitor the strong support at the four-hour level of 💲104000 for Bitcoin. From the daily level, Bitcoin formed a doji candle yesterday, and at the daily level, 💲107000 is the position where Bitcoin broke down, facing significant selling pressure at this level. Pay close attention to the strong resistance at the daily level of 💲107000 for Bitcoin. On the downside, closely monitor the strong support at the daily level of 💲102000 for Bitcoin. From 4 AM to 8 AM today, Ethereum formed a strong bullish candle at the four-hour level, and Ethereum reached a high of 💲2650 at the four-hour level this morning, facing very strong resistance at this level with significant selling pressure. From the daily level, Ethereum formed a small bullish candle yesterday, and today, Ethereum continues to rebound at the daily level. Pay close attention to the strong resistance at the daily level of 💲2660 for Ethereum. On the downside, closely monitor the strong support at the daily level of 💲2450 for Ethereum.
Next, let me take a look at the current market of Bitcoin. From the four-hour level, Bitcoin once strongly broke through the line of 💲106,000 and eventually also symbolically broke through the line of 💲104,000. From the daily level, Bitcoin's daily level has significant selling pressure at the upper line of 💲107,000. The line of 💲109,000 is the position at which the daily level breaks down sharply, with particularly heavy selling pressure. The upper line of Bitcoin at 💲110,000 will be a strong resistance. I personally think it will be difficult for Bitcoin to strongly break through and stabilize at this line in the short term. The daily level of Bitcoin has not shown a strong breakdown trend, closely monitoring the dense trading area of 💲102,000—💲100,000 below. I believe Bitcoin will continue to fluctuate around 💲102,000, engaging in back-and-forth battles for a period of time. As long as Bitcoin's daily level does not strongly break through the line of 💲96,000, the bullish trend of Bitcoin remains in a relatively strong range for adjustment and operation. From the weekly level, Bitcoin's weekly line last week closed with a small bearish candle with a long upper shadow, while the week before that, Bitcoin's weekly line closed with a small bullish candle with a long upper shadow. There are signs of a potential top in Bitcoin's weekly level, indicating a need for further pullback. From the monthly level, in May, Bitcoin's monthly line closed at the line of 💲104,500, which is still relatively strong, indicating that the funds of the main institutions have not significantly fled or rotated. Ethereum has attempted multiple times to break through the line of 💲2,800, the bull-bear dividing line, but has failed each time. From the four-hour level, Ethereum's strong support is at the line of 💲2,450. From the daily level, Ethereum has closed with small bearish candles for three consecutive trading days, but the daily level of Ethereum has not further broken down strongly through the line of 💲2,450, indicating a demand for a rebound. Closely monitor the strong support of Ethereum at the daily level at the line of 💲2,450. Below, closely watch the strong-weak dividing line of the bullish trend at the daily level of Ethereum at the line of 💲2,300. From the weekly level, Ethereum's weekly level has continuously closed with long upper shadows, but no strong breakdown has occurred. From the monthly level, in May, Ethereum's monthly line closed with a large bullish candle, closing at the line of 💲2,535, and the monthly line in May has effectively repaired the line of 💲2,550.
Bitcoin continues to fluctuate downwards, from the four-hour level, Bitcoin once strongly broke through the $106,000 line. In the short term, the upper resistance for Bitcoin is at $109,000, which is the first strong resistance, while the second resistance is at $110,000. From the daily level, Bitcoin closed with a small bearish candle yesterday, breaking through the $106,000 line. Pay close attention to the strong resistance at the upper level of $109,000 for Bitcoin on the daily chart. On the downside, closely monitor the important support range of Bitcoin at $102,000—$100,000. As long as Bitcoin does not strongly break through the $96,000 line at the daily level, the bullish trend of Bitcoin will still operate within a relatively strong trend range. Ethereum's attempt to break the $2,800 bull-bear boundary failed and encountered resistance, pulling back. At the four-hour level, Ethereum once broke through the $2,600 line. The daily level for Ethereum closed with a small bearish candle, but the daily level for Ethereum did not experience a significant downward break. On the downside, closely monitor the first support at the Ethereum daily level, which is $2,500—$2,450. Additionally, pay close attention to the second support at the Ethereum daily level at the $2,300 line. Ethereum is about to close the monthly candle. As long as Ethereum can firmly close above $2,550 at the monthly level, then the bullish momentum for Ethereum will further strengthen, and it will again attempt to challenge the strong resistance at the $2,800 bull-bear boundary.
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The big coin is still oscillating at a high position, and it is estimated that it will linger at a high level for a few more days. Ethereum has never been able to strongly break through and stabilize at the $2800 bull-bear boundary. In February, Ethereum's monthly line strongly broke through the $2800 bull-bear boundary, so let’s see if Ethereum’s May monthly line can stabilize at around $2550? Only in this way can Ethereum adjust next month, which may allow it to strongly break through and stabilize at the $2800 line, and then further impact the $3300 line, with the extreme test aiming for $3800. I can only say that Ethereum's journey is really long and arduous. I think the big coin will quickly change hands soon; it will either quickly change hands in the next few days or wait until the monthly line closes and then quickly change hands at the beginning of the month. Now it just depends on how the institutional main funds wash the plate? However, I think the most brilliant maneuver by institutions is to wait for the monthly line to strongly stabilize at $110,000 and then quickly change hands. The big coin is highly likely to spike to around $100,000, with the extreme spike reaching the $96,000 line. I think in the short term, before the end of June, there is over an 80% chance that the daily level will not strongly break through the $96,000 line, so everyone doesn’t need to worry too much.
Bitcoin has retraced as expected. On May 23, Bitcoin formed a solid bearish candle on the daily chart, indicating a bearish engulfing pattern. Yesterday, Bitcoin closed with a small bullish candle with a long upper shadow. Personally, I believe that Bitcoin will find it difficult to strongly recover in the short term after the big bearish candle on May 23. Closely monitor the first support level in the range of 💲106000—💲104000 on the daily chart. I personally feel that Bitcoin will not strongly break through this range in the short term. Watch for the second strong support level in the range of 💲102000—💲100000 below. As long as Bitcoin does not strongly break below 💲96000 on the daily chart, it will still be in a strong range consolidation. I personally believe that in the short term, Bitcoin will not significantly drop and will allow altcoins enough time to perform and rotate through sectors. Ethereum has formed a double top on the daily chart, and it has consistently failed to strongly break and stabilize above 💲2800, which is the boundary between bull and bear markets. Closely monitor the first support level at 💲2300 below Ethereum. Keep an eye on the second support level at 💲2200 below Ethereum. A few days ago, I mentioned that when Ethereum first reached the 💲2200 level, it would be reasonable to buy in boldly. If you are more aggressive, as soon as Ethereum breaks below 💲2300, you can buy in batches, aiming for at least a 10% profit. Be mindful of your capital allocation and avoid heavy trading. WLD peaked at around 💲1.65 during this wave, reaching my purchase cost price, but I only sold a portion because I have a positive outlook on WLD in the medium to long term, and it will continue to push upward. As long as WLD does not strongly break below 💲1.2 on the daily chart, it should be fine. After WLD adjusts, it will further rally. Those who have been following me should know that I recommended TRUMP when it was at 💲8, and it peaked at 💲16. I recommended WLD when it was at 💲0.8, and it peaked at 💲1.65. In the Sacred Lake Research Institute, there are friends who bought WLD at 💲0.83 and opened WLD perpetual contracts. Honestly, they made a lot of money this round. To be honest, aside from holding WLD spot, I haven't reached such high prices with WLD contracts.
Bitcoin experienced a pullback yesterday, and Ethereum also saw a corresponding decline. Altcoins are struggling and declining rapidly. From the four-hour level, Bitcoin has been in a continuous four-hour downtrend, approaching the 💲106000 line, which is the first level of support for Bitcoin on the four-hour chart. The second strong support for Bitcoin on the four-hour level is in the range of 💲102000—💲100000. The first strong support for Bitcoin on the daily level is at the 💲100000 line, and the second strong support is at 💲96000. As long as Bitcoin does not strongly break through the 💲96000 line on the daily level, it remains in a strong consolidation phase. I have previously emphasized that a surge in Bitcoin is not a good thing because once Bitcoin surges, it will definitely lead to a pullback. Currently, large institutional capital, besides buying Bitcoin and Ethereum, is unlikely to invest in altcoins. Once Bitcoin surges, it means the market is crazily extracting value, and only very few altcoin sectors will see rotation. Only when Bitcoin continues to consolidate sideways at a high level, followed closely by Ethereum, will there be a possibility for rotation among altcoin sectors. Ethereum has consistently failed to strongly break and stabilize above the 💲2800 bull-bear boundary. I have repeatedly emphasized that there are too many trapped positions at high levels for Ethereum, making it difficult to rise in the short term. Personally, I don't have much favor for Ethereum; at most, I will take a short position, make some profit, and exit. For Ethereum on the daily level, pay attention to the first support at 💲2300 below, and closely monitor the second support at 💲2200 below. WLD closed with a large bearish candle on the daily level yesterday, but I personally believe that WLD's market value ranks 30th, and WLD is also a leader in AI technology. This wave of decline is a broad shakeout by institutional traders, continuously completing market turnover while absorbing a lot of chips at low levels. I personally believe that the bullish pullback trend for WLD will not end so quickly; as long as WLD finishes its adjustment and repair, I am optimistic that WLD will continue to push higher.
In recent days, Bitcoin has been performing very strongly, at one point testing the 💲112000 level during trading. The daily chart for Bitcoin remains very strong. Currently, we cannot predict Bitcoin's peak, and for most people, it is likely that they will not buy Bitcoin, as most ordinary retail investors can no longer afford it. However, with Bitcoin's explosive rise, others have not followed suit strongly, and altcoins have shown little impressive performance, except for WLD's sudden rise. Even Ethereum has not managed to strongly break and stabilize above the 💲2800 bull-bear dividing line. I have emphasized multiple times that there are simply too many trapped positions above 💲3000 for Ethereum, and in the short term, I do not expect Ethereum to strongly break and stabilize above the 💲2800 level. Yesterday, WLD had a strong daily candle that broke and stabilized above the 💲1.36 level, with a daily increase of 25%. The main institutions completed multiple rounds of consolidation, continuously accumulating at lower levels, leading to this strong surge in WLD on the daily chart. From the daily perspective, the first strong resistance above is at 💲1.9. Once WLD strongly breaks and stabilizes above this line, the next target will be 💲2.5, followed by 💲2.8 and 💲3.3. I believe WLD will adjust a bit before further rallying. The market's main funds have completed the consolidation and accumulation at lower levels, and the market sentiment has been thoroughly ignited, with retail investor sentiment also at an all-time high. The performance of TRUMP has been somewhat disappointing this time. On the daily chart, TRUMP has consistently failed to strongly break and stabilize above the 💲16 level. The main institutions are oscillating between 💲16 and 💲10 for consolidation and accumulation. From the daily perspective, TRUMP's bullish pullback structure has not been completely effectively breached and is currently in a weak range consolidation. However, with Trump's banquet officially starting and Sun Ge's strong performance, I believe TRUMP, under Sun Ge's leadership, will certainly create brilliant miracles again. I believe everyone can see Sun Ge's marketing ability, which is beyond doubt. I have emphasized multiple times that once Bitcoin explodes, the market will be crazily drained by Bitcoin. If Bitcoin pulls back, then altcoins will plummet. Only when Bitcoin consolidates at high levels and Ethereum follows closely will altcoins have the opportunity for sector rotation and then rise accordingly.
This morning, around six o'clock, Bitcoin suddenly surged, leading many people to have the illusion that the market would immediately follow suit. However, times have changed, and so have the strategies. I have repeatedly emphasized that only when Bitcoin is oscillating sideways at a high level will Ethereum have a chance, and then altcoins will have the opportunity to rise with the trend, rotating among sectors. If Bitcoin surges, there will inevitably be a pullback, and Ethereum will immediately follow, while altcoins will be like a startled bird, vulnerable to attack. From the four-hour perspective, Bitcoin surged to around 💲107100 this morning, but then quickly fell back, rapidly digesting the large bullish candle from the four-hour chart that occurred at eight o'clock this morning. This is clearly a tactic by institutional forces to push prices higher and offload, creating a false sense of optimism. However, the manipulation by institutions is very clever, coordinating with the four-hour close, as well as the strong closes on the daily and weekly charts. Bitcoin will continue to contest around the 💲102000 level, testing back and forth. Pay close attention to whether there will be a strong bullish breakout and stabilization at the 💲106000 level above. On the downside, closely monitor whether the 💲96000 level will be strongly pierced and driven down by a large bearish candle. After failing to break through the daily level of 💲2800, the bull-bear boundary, Ethereum has once again lost the 💲2550 level. On the downside, closely monitor the strong support at the 💲2200 level on the Ethereum daily chart, and on the upside, pay close attention to the strong resistance at the 💲2550 level. SOL also encountered strong resistance at the 💲180 level on the weekly chart, and closely monitor the strong support at the 💲140 level on the daily chart below.
The weekend market is relatively quiet, and Bitcoin continues to oscillate at a high level, repeatedly battling around the 💲102000 line. I have been emphasizing recently that Bitcoin will not significantly break down in the short term and will continue to oscillate at a high level for three to four weeks. From the four-hour perspective, Bitcoin has been continuously hitting the 💲105000 line, then encountered resistance and fell back, frequently testing the 💲101000 line below. During this time, Bitcoin has been oscillating back and forth within this range. From the daily perspective, Bitcoin's upward momentum at the daily level is weak, and the major institutions' funds have shown clear hesitation. The positive news in the market has also been mostly digested, and there is a demand for further pullback in Bitcoin. I have repeatedly emphasized that as long as Bitcoin does not strongly break below the 💲96000 line at the daily level, it will still maintain a strong consolidation at a high level. Ethereum has also weakened at the four-hour level, and after briefly breaking and stabilizing above the 💲2550 line at the daily level, it failed to breach the 💲2800 bull-bear dividing line. Yesterday, Ethereum's daily level closed with a small bearish candle with a long upper shadow, and there are clear signs of fund withdrawal from major institutions, with upward momentum weakening and retail investors showing a strong wait-and-see sentiment. I have repeatedly emphasized that there are too many trapped positions above 💲2800 for Ethereum, and I believe it is difficult for Ethereum to rise in the short term; I do not expect Ethereum to strongly break and stabilize above the 💲2800 line.
In the financial market, every decision I make, every trading plan I formulate, and every risk control system I implement. If the market trend significantly deviates from my expectations of the financial market, and the market movement is completely contrary to my predictions, then the most direct result is that I will definitely incur losses. Moreover, the losses will not be trivial, so I absolutely cannot make too large a mistake; this game tests a person's cognition to the utmost. Therefore, I do not like playing cards, and I even less enjoy playing Mahjong, because I need to control my gambling nature. I must face the exceptionally perilous financial trading market with a very calm mindset. Every day, I need to pay attention to the global monetary policies, the geopolitical situation around the world, and analyze the trends of U.S. dollar assets, as well as the trends of non-U.S. currencies. I must closely follow the words and actions of U.S. President Trump and Federal Reserve Chairman Powell. The Federal Reserve's interest rate decisions are crucial for me to monitor, and I must pay very close attention to the non-farm payroll data report released on the first Friday of every month in the U.S. Then, I need to combine my deep understanding of the financial capital market to write very professional investment research strategy reports. If you want to make money in the financial capital market, you must possess a very strong cognition; you must have a keen sense and insight into the financial capital market, as well as a very strong inner self. To truly achieve this, one must remain unflustered when faced with great danger, unshaken when confronted by a fierce tiger behind, and unblinking when a deer appears on the left. If you cannot achieve this, you should never think about entering this bloody, brutal, and cold-hearted financial capital market. Because once you recklessly enter the financial capital market, you will only become cannon fodder, for with your level of cognition and inner resilience, it is simply impossible to make money in the financial capital market.
Yesterday's CPI data was lukewarm, Trump forcefully called for a buy, and the US stock market surged strongly. Bitcoin continues to oscillate at a high level, and personally, I don't think Bitcoin will significantly drop in the short term. Bitcoin will continue to hover around the 💲102,000 mark, repeatedly fighting for and struggling over it. As long as Bitcoin is operating above 💲96,000 on the daily chart, it is still in a strong consolidation phase. Ethereum on the daily chart is testing the 💲2,800 bull-bear boundary, encountering resistance and retreating. Pay close attention to the strong support at the 💲2,200 line on Ethereum's daily chart. As long as Ethereum touches this line for the first time, you can boldly buy the dip or buy physical chips in batches, as long as you control your position well, manage your capital allocation, and implement risk control, you can make over 80% profit. Recently, favorable news has emerged frequently, and the market has already digested a large part of the news in advance. I personally believe Bitcoin will continue to oscillate at high levels for three to four weeks. Next, it depends on everyone's ability to see if they can reap significant profits. 🥩🥩🥩🥩🥩🥩